Replies to post #40234 on Hemi Energy Group Inc. (fka HMGP)

[Big Mur]

Hemi originally established their plans when oil was still $50-$75... maybe lower.
The higher prices that have occurred in the meantime were just a bonus.
Granted, the oil prices are constantly taken into consideration, and obviously more is better...

"Tanking" the oil wasn't a strategy where all they did was endlessly put the oil in the tanks and leave it there. It was a temporary strategy to take advantage while the prices were so abnormally high.
It's not a strategy that takes months to change either. A phone call for pick-up is all it takes to change tactics and sell what they've got before the prices got back down to where they are now.
They're not idiots, nor fools.

[jack804]

As I said a few weeks ago, unfortunately this looks like it is slowly going subpenny. The pattern is the same as several of my other small oil/gas stocks. However, I don't think the news is all bad. This company probably has as much potential as the others that have gone down this path the last year. If this hits the .005 level, or lower, it might be worth picking up more shares (I don't think I would buy any more at the current level). Of course, you would probably have to buy a really substantial number of shares at the subpenny level to make any real money; if we do get an uptick it might not be that much. IMO.